This program presumes a foundational understanding of the insurance industry and familiarity with accounting and finance concepts.

Dates and agenda are tentative. Please check back for updates.

Day One - December 11

8:00 am

Registration and Continental Breakfast Open

8:30 am

Overview and Introduction

Definitions of key terms

How it works and why it’s needed

The Reinsurance Relationship

Regulation

10:15 am

Break

10:30 am

Types of Reinsurance Agreements and their Uses

General Categories

Allocation concepts

Proportional
vs. non-proportional

12:00 pm

Lunch

1:00 pm

Split Reinsurance: Fixed vs. Variable

Quota Share reinsurance

Financial accounting for Quota Share
Treaties

Quota Share Accounting basic methodology

Unearned
premium portfolio

2:30 pm

Break

2:45 pm

Proportional Treaty Problems

Surplus share treaty

Loss Portfolio reinsurance

Financial portfolio transfer discounted
reserves

Loss
Corridor Accounting illustrations

5:00 pm

Day one concludes

Day Two - December 12

8:00 am

Continental Breakfast Opens

8:30 am

Accounting for Non-Proportional Reinsurance

Excess of Loss (XOL)

Primary purposes

Concepts of coverage

Layering

10:15 am

Break

10:30 am

Accounting for Non-Proportional Reinsurance continued

Structuring

Key definitions

Ultimate net loss and net retained line

Loss
Adjustment Expenses

12:00 pm

Lunch

1:00 pm

Reinsurance Programs

Premium distribution

Examples

2:30 pm

Break

2:45 pm

Comprehension exercises

Quota share Treaty

Sliding Scale Adjustment

Surplus share

Per Risk Excess of Loss

Per Risk Excess of Loss with Aggregate Retention

5:00 pm

Program Concludes

Kevin OatesInstructor, SNL Knowledge Center

Kevin has spent his entire career in the insurance industry and since 1996 has worked as an independent consultant and instructor conducting in-house and open enrollment training for Wall Street and industry firms. Prior to 1996 he was senior vice president of an international insurance/reinsurance consulting firm, providing management and accounting services to private and public institutions. Kevin's industry management background includes executive financial positions with holding companies, underwriting organizations, and as vice-president of reinsurance operations with a reinsurance intermediary. In 1988, he co-founded a consulting firm, which was subsequently merged into an international network. His instructing background includes positions as an adjunct instructor of accounting at Queens College, Rutgers University, and as an instructor in property/casualty insurance accounting and annual statement preparation at the New York College of Insurance. Kevin is a graduate of New York University, and received an MBA in Corporate Finance from Rutgers University. He is a Fellow of the Life Management Institute (FLMI), and holds the Associate in Reinsurance (ARE), and Associate in Insurance Accounting and Finance (AIAF) designation from the Insurance Institute of America. He is the author of the Reinsurance Accounting Chapter of the Strain Reinsurance Textbook and a contributing author to the NAIC Receiver's Handbook.

Event Date:

Final dates available soon

Event Location:

US

Professionals who are charged with executing and monitoring accounting activities for reinsurance (assumed/ceded) contracts

Industry staff, brokers and analysts with more than three years in the industry who need in-depth knowledge of transaction detail

SNL Knowledge Center is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 14 CE credit hours as granted by CFA Institute If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE Diary upon request.

Participants who complete this program qualify for 16 hours of CPE credit (Specialized Knowledge and Applications). Program Level: Intermediate. Delivery Method: Group-Live. SNL Knowledge Center is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 4th Ave N, Ste 700, Nashville, TN, 37219-2417. Website: www.nasba.org.

When does the program start? When does it end?Registration opens at 7:30 a.m. on Day One. The program begins at 8:30 a.m. and ends at approximately 4:30 p.m. on both days.

What is your cancellation policy?Cancellations for this program are eligible for a full refund, less a $150.00 administrative fee, if received at least 15 business days prior to the start of the program. Cancellations received after that date but at least 5 business days prior to the start of the program receive a credit in the amount of the registration fee, less a $150.00 administrative fee, to attend another SNL Knowledge Center program within 13 months. Cancellations received fewer than 5 business days prior to the start of the program are not eligible for a refund or credit.

Attendee substitutions from the same company may be made at any time.

In the event of a cancellation from a group discount, refunds or credits are issued beginning with the most heavily discounted price, minus a $150.00 administration fee.

"No shows" - or those who cancel within 15 days of the program - and have registered under the Invoice option, remain liable for the full program fee.

SNL Knowledge Center reserves the right to cancel/change programs, content, speakers or venue at any time. SNL Knowledge Center reserves the right to make portions of the program registration information available to program sponsors. SNL Knowledge Center will not be held liable for any costs incurred by registrant due to individual registration cancellation. In the event that a seminar is cancelled due to inclement weather, faculty cancellation or force majeure, SNL Knowledge Center will refund the registrant's tuition in full, however SNL Knowledge Center will not be liable for incidental or consequential out of pocket expenses incurred by the registrant. If you have questions regarding SNL Knowledge Center's refund, complaint or program cancellation policy, please call us at (434) 951-7786.

Registrant, as an individual person attending a SNL Knowledge Center conference, seminar, or other program, hereby grants permission to the SNL Knowledge Center to use and publish his or her image, likeness, or testimonials collected in connection with the program for advertising and trade purposes in connection with SNL Knowledge Center’s conferences, instructional, and/or marketing activities.